Updates

May Gurney - Enters local authority fleet and passenger transport market

December 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

May Gurney has acquired Translinc for Â£34.9m. Translinc is a leading provider of specialist fleet management and passenger services to the public sector. It manages 2,800 specialist vehicles ranging from diggers and gritters to mobile-library services and school buses for local councils from 20 locations. As part of the deal May Gurney will assume Â£30.7m of customer contract-backed fleet financing obligations.The deal will give May Gurney access to the Â£3bn market for providing local authority passenger services (eg. mobility programmes for disabled people) and the Â£730m a year business of running other transport services (eg road-maintenance vehicles). Most of the contracts are long-term, typically for five years and th ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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